{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-291503","form_type":"8-K","ticker":"LGN","cik":"0002052568","company_name":"Legence Corp.","filed_at":"2025-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.480787+00:00","generated_at":"2026-05-16T17:45:18.217848+00:00","sec_items":["5.01","8.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Blackstone affiliates borrow $650M, pledge ~72% of Legence Corp. shares as collateral","bullets":["Affiliates of Legence's majority owner Blackstone borrowed $650M via margin loans from Goldman Sachs-led syndicate.","Borrowers pledged 29.0M Class A shares, 46.7M Class B shares, and 46.7M common units, representing ~72% of diluted Class A equity.","Default may trigger foreclosure and transfer of pledged shares, potentially resulting in a change in control.","Legence Corp. is not a party to the loan agreements but agreed not to hinder lenders' remedies.","Company's ticker LGN; Blackstone remains the majority owner unless default occurs."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-291503","json":"https://secwatch.observer/filing/0001193125-25-291503.json","markdown":"https://secwatch.observer/filing/0001193125-25-291503.md","text":"https://secwatch.observer/filing/0001193125-25-291503.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2052568/000119312525291503/0001193125-25-291503-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2052568/000119312525291503/d76911d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:45:18.217848+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}